Hennion & Walsh Asset Management Inc. boosted its stake in Royce Value Trust Inc. (NYSE:RVT - Free Report) by 55.9% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 92,935 shares of the financial services provider's stock after purchasing an additional 33,307 shares during the quarter. Hennion & Walsh Asset Management Inc. owned about 0.08% of Royce Value Trust worth $1,468,000 at the end of the most recent reporting period.
Several other hedge funds and other institutional investors also recently made changes to their positions in RVT. Beacon Financial Advisory LLC raised its holdings in Royce Value Trust by 5.8% in the 3rd quarter. Beacon Financial Advisory LLC now owns 13,328 shares of the financial services provider's stock valued at $209,000 after buying an additional 734 shares during the last quarter. Prospera Financial Services Inc raised its stake in shares of Royce Value Trust by 1.7% during the third quarter. Prospera Financial Services Inc now owns 48,547 shares of the financial services provider's stock valued at $762,000 after acquiring an additional 800 shares during the last quarter. Focused Wealth Management Inc lifted its holdings in shares of Royce Value Trust by 1.6% during the third quarter. Focused Wealth Management Inc now owns 53,674 shares of the financial services provider's stock worth $843,000 after purchasing an additional 827 shares during the period. Creative Planning lifted its holdings in Royce Value Trust by 7.7% during the 3rd quarter. Creative Planning now owns 11,791 shares of the financial services provider's stock worth $185,000 after buying an additional 842 shares during the period. Finally, B. Riley Wealth Advisors Inc. grew its position in shares of Royce Value Trust by 5.6% in the 3rd quarter. B. Riley Wealth Advisors Inc. now owns 19,872 shares of the financial services provider's stock valued at $308,000 after buying an additional 1,047 shares during the last quarter. 25.57% of the stock is currently owned by institutional investors and hedge funds.
Royce Value Trust Price Performance
Shares of RVT traded up $0.16 during mid-day trading on Friday, reaching $16.30. 565,791 shares of the company were exchanged, compared to its average volume of 271,168. The business has a 50 day simple moving average of $16.13 and a two-hundred day simple moving average of $15.60. Royce Value Trust Inc. has a 52 week low of $13.78 and a 52 week high of $16.93.
Royce Value Trust Announces Dividend
The company also recently announced a quarterly dividend, which was paid on Monday, December 23rd. Investors of record on Thursday, December 12th were paid a dividend of $0.44 per share. This represents a $1.76 dividend on an annualized basis and a yield of 10.80%. The ex-dividend date was Thursday, December 12th.
Royce Value Trust Profile
(
Free Report)
Royce Value Trust Inc is a close ended equity mutual fund launched and managed by Royce & Associates, LLC. It invests in the public equity markets of the United States. The fund spreads its investments across diversified sectors. It invests in value oriented stocks of small cap and micro cap companies.
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